Part of the 1.6 billion yuan ($253 million) will be used to stabilise output of winter wheat in five main production regions, including Hebei and Shandong provinces

Asian battery makers for electric vehicles are shielded from a big, immediate hit from surging nickel prices for now, thanks to long-term contracts and a diversified supply chain, companies said.

German sportswear giant forecasts an increase in currency-neutral sales of 11-13% for 2022, including risk to its business in Russia and Ukraine, with China to see a modest sales increase

Mitsubishi and Mitsui have stakes in the massive Sakhalin-2 project, while Marubeni and Itochu have invested in Sakhalin-1 oil project, from which Exxon Mobil is now withdrawing

Nickel prices in China hit a record high on Wednesday with prices rising 17% to hit 267,700 yuan (about $42,400) a tonne, touching the ceiling for permitted daily gains

Spot thermal coal prices for the Newcastle Port benchmark have soared 35% over the past week to a record $353.75 a tonne, stoked by supply shortages

Producer price index (PPI) increased 8.8% on year, the National Bureau of Statistics (NBS) said, easing from 9.1% growth in January and slightly higher than analysts expected

Prices of thermal coal, typically used to generate electricity, have shot to record highs due to increased buying by Europe after sanctions on Russia

European diesel supplies have shrunk following the disruption caused by sanctions imposed on Russia in response to its invasion of Ukraine

Huge imports of the metal into China, much of it by speculators taking advantage of relatively low prices, consumed the market surplus in 2021, a global trade body said

Sources claim Tsingshan’s move to reduce its exposure to costly margin calls helped fuel record price rises in the vital metal

London Metal Exchange suspended trading of nickel on Tuesday after prices more than doubled to cross a record $100,000 per tonne.